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Lodge Financial has successfully facilitated $9,614,000 in locally executed financing to purchase 368 units of self storage and 311 units of truck and trailer parking located at 5525 N. 27th St. in Milwaukee, Wisconsin. The five-year, 4.875% fixed rate loan has a 70% LTV and 12 months of interest only, amortized over 30 years with partial recourse to the guarantors. Source
Extra Space Storage Inc. and its subsidiaries (Extra Space) ( NYSE: EXR) announced today that it has completed the acquisition of multiple entities doing business as Storage Express, which own 107 remote storage properties across Indiana, Ohio, Illinois and Kentucky. The acquisition includes all Storage Express assets, including trademarks, contracts, licenses, intellectual property and 14 future development sites. Total consideration for the acquisition was approximately $590.0 million. The company also purchased E-Tracker, a storage software operating platform, which supports Storage Express locations, as well as Bargold Storage Systems, LLC, which…
